Future Heads of the Hungarian Central Bank?

Speaking of gold, the Financial Times is reporting that the Republicans are discussing a return to the gold standard.

What do you suppose a return to the gold standard would entail?

I can’t answer that question in short order, but if you are interested, here are some places where I would start.

For a brief overview geared to a more general audience, Michael Bordo has a brief article and a number of references at The Concise Encyclopedia of Economics and Liberty.

For articles geared for more scholarly audiences, check out the article at the New Palgrave Dictionary of Economics (available from on-campus IP addresses), or a lengthier treatment, chocked full of descriptive statistics, is Lawrence Officer’s extensively documented piece at the Economic History Association’s webstite, EH.net.